Latest news with #TonyXu
Miami Herald
09-06-2025
- Business
- Miami Herald
DoorDash accused of purposely misleading its customers
DoorDash (DASH) was founded in 2013 by a small group of Stanford students with the idea of helping small businesses with food delivery. Tony Xu, Andy Fang, Stanley Tang, and Evan Moore were so humble when they launched the business, which was originally called Palo Alto Delivery, that they made food deliveries themselves. Don't miss the move: Subscribe to TheStreet's free daily newsletter After getting $120,000 in funding from Y Combinator in trade for a 7% stake in the business, the company renamed itself DoorDash in 2013 and started on a road that would eventually lead to enormous success. While DoorDash wasn't the only food delivery business of its type when it launched - Uber Eats was also in the space - it eventually eclipsed it, becoming the largest food delivery provider by 2019. Related: DoorDash tries controversial method to deliver your meal Today, DoorDash holds the largest market share of 67%, compared to Uber Eats' 23%, per Statistica. The company has also expanded outside the food delivery space, offering everything from flowers to beauty products to pet food. Basically, if you can walk into a store and buy it, DoorDash is willing to bring it to you. But now DoorDash is facing new claims that it purposely misleads its customers, which could have a serious effect on its reputation as a company if proven true. The Competition Bureau announced that it filed a lawsuit against DoorDash and its Canadian subsidiary on Monday for a practice it calls "drip pricing." Drip pricing is a pricing technique in which firms advertise only part of a product's price and reveal other charges later as the customer goes through the buying process, per the Federal Trade Commission's description. More Restaurants: Beloved Mexican restaurant closing iconic location after 63 yearsMajor restaurant chain quietly closes several locationsIconic restaurant closing its doors after 32 years The lawsuit alleges that DoorDash misleads its customers by advertising lower prices that are very different by the time the customer makes it to checkout and fees are tacked on. "The company has been engaging in the alleged conduct for close to a decade, acquiring nearly $1 billion in mandatory fees from consumers," the Competition Bureau said in a statement. The lawsuit also alleges that DoorDash makes certain fees appear as if they are taxes, when they are not. Related: Domino's Pizza suffers a startling loss as customers switch gears It also also asks DoorDash to "stop the deceptive price and discount advertising; stop portraying fees as taxes; pay a penalty; and issue restitution to affected consumers who purchased food and other items through DoorDash's platform." DoorDash gave a statement to TheStreet, saying,"Transparency with customers is a top priority at DoorDash. All fees on DoorDash, which support the high-quality operations of our platform, are clearly labeled and disclosed to consumers through the ordering process - including a final review before payment. To be crystal clear, DoorDash does not hide fees from consumers or mislead them in any way." "This application is a misguided and excessive attempt to target one of Canada's leading local commerce platforms. It unfairly singles out DoorDash, and we intend to vigorously defend ourselves against these claims." Live Nation/Ticketmaster is another business that's been accused of deceptive pricing, leading to public outcry. It's faced multiple allegations of tacking on fees that could drive up the cost of a ticket significantly. Its Dynamic Pricing model also allowed people to resell tickets for dramatically higher prices, which many felt was a way of aiding scalpers. The issue was further spotlighted after complaints around ticketing breakdown for Taylor Swift's Eras tour, and many fans sued the company because of the way the event was handled. The Justice Department sued Ticketmaster in May of 2024, swearing to break up what it called a "monopoly" across the live concert industry. This case is currently ongoing. In the meantime, on May 8, 2025, Ticketmaster announced a new model called All In Pricing that would include all fees (not not taxes). Related: Jim Cramer says these hot new stocks are ones to watch The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
03-06-2025
- Business
- Yahoo
Sigenergy's 20 MWh Modular C&I Solution Defines the Next Generation of Energy Storage
BURGAS, Bulgaria, June 3, 2025 /PRNewswire/ -- Sigenergy brought together nearly 300 global energy professionals in Burgas to explore the future of commercial and industrial (C&I) energy storage. A key highlight of the event was a visit to a landmark 20 MWh project in Malko Tarnovo, powered by Sigenergy's modular C&I battery energy storage system (BESS). The project highlights the scalability and real-world impact of next-generation storage technology. In partnership with Trakia MT Ltd., a leading Bulgarian solar company, the system is installed on a solar farm and features 90 Sigenergy C&I hybrid inverters combined with the SigenStack modular storage solution. Tony Xu, Founder and CEO of Sigenergy, commented: "Sigenergy's mission is to accelerate the global transition to clean energy with innovative and scalable storage solutions. This project exemplifies how advanced battery systems can drive business growth and decarbonization across industries." Modularity Transforming C&I Energy Storage SigenStack introduces a truly modular approach to C&I energy storage—replacing bulky containerized systems with stackable 12 kWh battery packs. With plug-and-play connectors and tool-free installation, the system eliminates complex wiring, the need for cranes, and heavy machinery. Thanks to this design, the entire 20 MWh system was installed in just 10 days and fully commissioned within 2 days. Galina Peycheva-Miteva, Owner of Trakia MT Ltd., noted: "The installation was incredibly smooth—more like assembling building blocks than deploying industrial infrastructure. This modular design is a game-changer for the C&I energy storage sector." Safety Engineered at the Pack Level Sigenergy's C&I BESS solutions set new benchmarks for system safety. At the heart of this innovation is the SigenStack system, engineered with safety at every level. Each 12 kWh battery pack features six layers of protection: temperature sensors, internal fire suppression units, aerogel insulation, decompression valves, high-temperature-resistant insulation pads, and smoke detectors. This configuration enables early detection of thermal runaway at the pack level and initiates a rapid, localized response within seconds. In contrast, conventional cabinet-style systems typically lack compartmentalization and may take over a minute to react, increasing the risk of fire propagation. By isolating incidents at the module level, SigenStack significantly enhances system reliability and operational safety. Its advanced inverter platform includes ultra-fast 500 ms anti-backflow protection and long-range arc fault circuit interrupter (AFCI) technology capable of detecting faults up to 500 meters. To further validate its safety performance, Sigenergy partnered with global assurance provider Intertek to publish a C&I Safety White Paper. The results confirm full compliance with UL 9540A and IEC 62619, structural stability under extreme testing, and sustained operational efficiency above 95%. Resilience Made for Zero Maintenance Built on robust safety and modular design, Sigenergy's C&I BESS supports 24/7 autonomous operation. With an IP66 rating for dust and water resistance, it delivers reliable performance across diverse environmental conditions. Conventional cabinet-style systems, however, often contain more vulnerable components and demand monthly inspections, half-year part replacements, and comprehensive annual maintenance. Real-time monitoring via a cloud-based platform provides full visibility into system status, energy throughput, and alarms, significantly reducing the need for on-site inspections. Maintenance is also streamlined: faulty battery packs can be replaced individually within two hours, without full system diagnostics or on-site technician intervention. This reduces downtime, simplifies spare parts logistics, and minimizes operational costs. The successful delivery of this project demonstrates Sigenergy's excellence in installation speed, safety, operational reliability, and smart management. Looking ahead, Sigenergy is committed to expanding its global footprint, driving the adoption of safer, more efficient, and sustainable energy solutions worldwide. View original content to download multimedia: SOURCE Sigenergy Technology Co., Ltd. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
03-06-2025
- Business
- Korea Herald
Sigenergy's 20 MWh Modular C&I Solution Defines the Next Generation of Energy Storage
BURGAS, Bulgaria, June 4, 2025 /PRNewswire/ -- Sigenergy brought together nearly 300 global energy professionals in Burgas to explore the future of commercial and industrial (C&I) energy storage. A key highlight of the event was a visit to a landmark 20 MWh project in Malko Tarnovo, powered by Sigenergy's modular C&I battery energy storage system (BESS). The project highlights the scalability and real-world impact of next-generation storage technology. In partnership with Trakia MT Ltd., a leading Bulgarian solar company, the system is installed on a solar farm and features 90 Sigenergy C&I hybrid inverters combined with the SigenStack modular storage solution. Tony Xu, Founder and CEO of Sigenergy, commented: "Sigenergy's mission is to accelerate the global transition to clean energy with innovative and scalable storage solutions. This project exemplifies how advanced battery systems can drive business growth and decarbonization across industries." Modularity Transforming C&I Energy Storage SigenStack introduces a truly modular approach to C&I energy storage—replacing bulky containerized systems with stackable 12 kWh battery packs. With plug-and-play connectors and tool-free installation, the system eliminates complex wiring, the need for cranes, and heavy machinery. Thanks to this design, the entire 20 MWh system was installed in just 10 days and fully commissioned within 2 days. Galina Peycheva-Miteva, Owner of Trakia MT Ltd., noted: "The installation was incredibly smooth—more like assembling building blocks than deploying industrial infrastructure. This modular design is a game-changer for the C&I energy storage sector." Safety Engineered at the Pack Level Sigenergy's C&I BESS solutions set new benchmarks for system safety. At the heart of this innovation is the SigenStack system, engineered with safety at every level. Each 12 kWh battery pack features six layers of protection: temperature sensors, internal fire suppression units, aerogel insulation, decompression valves, high-temperature-resistant insulation pads, and smoke detectors. This configuration enables early detection of thermal runaway at the pack level and initiates a rapid, localized response within seconds. In contrast, conventional cabinet-style systems typically lack compartmentalization and may take over a minute to react, increasing the risk of fire propagation. By isolating incidents at the module level, SigenStack significantly enhances system reliability and operational safety. Its advanced inverter platform includes ultra-fast 500 ms anti-backflow protection and long-range arc fault circuit interrupter (AFCI) technology capable of detecting faults up to 500 meters. To further validate its safety performance, Sigenergy partnered with global assurance provider Intertek to publish a C&I Safety White Paper. The results confirm full compliance with UL 9540A and IEC 62619, structural stability under extreme testing, and sustained operational efficiency above 95%. Resilience Made for Zero Maintenance Built on robust safety and modular design, Sigenergy's C&I BESS supports 24/7 autonomous operation. With an IP66 rating for dust and water resistance, it delivers reliable performance across diverse environmental conditions. Conventional cabinet-style systems, however, often contain more vulnerable components and demand monthly inspections, half-year part replacements, and comprehensive annual maintenance. Real-time monitoring via a cloud-based platform provides full visibility into system status, energy throughput, and alarms, significantly reducing the need for on-site inspections. Maintenance is also streamlined: faulty battery packs can be replaced individually within two hours, without full system diagnostics or on-site technician intervention. This reduces downtime, simplifies spare parts logistics, and minimizes operational costs. The successful delivery of this project demonstrates Sigenergy's excellence in installation speed, safety, operational reliability, and smart management. Looking ahead, Sigenergy is committed to expanding its global footprint, driving the adoption of safer, more efficient, and sustainable energy solutions worldwide.
Cision Canada
03-06-2025
- Business
- Cision Canada
Sigenergy's 20 MWh Modular C&I Solution Defines the Next Generation of Energy Storage
BURGAS, Bulgaria, June 3, 2025 /CNW/ -- Sigenergy brought together nearly 300 global energy professionals in Burgas to explore the future of commercial and industrial (C&I) energy storage. A key highlight of the event was a visit to a landmark 20 MWh project in Malko Tarnovo, powered by Sigenergy's modular C&I battery energy storage system (BESS). The project highlights the scalability and real-world impact of next-generation storage technology. In partnership with Trakia MT Ltd., a leading Bulgarian solar company, the system is installed on a solar farm and features 90 Sigenergy C&I hybrid inverters combined with the SigenStack modular storage solution. Tony Xu, Founder and CEO of Sigenergy, commented: "Sigenergy's mission is to accelerate the global transition to clean energy with innovative and scalable storage solutions. This project exemplifies how advanced battery systems can drive business growth and decarbonization across industries." Modularity Transforming C&I Energy Storage SigenStack introduces a truly modular approach to C&I energy storage—replacing bulky containerized systems with stackable 12 kWh battery packs. With plug-and-play connectors and tool-free installation, the system eliminates complex wiring, the need for cranes, and heavy machinery. Thanks to this design, the entire 20 MWh system was installed in just 10 days and fully commissioned within 2 days. Galina Peycheva-Miteva, Owner of Trakia MT Ltd., noted: "The installation was incredibly smooth—more like assembling building blocks than deploying industrial infrastructure. This modular design is a game-changer for the C&I energy storage sector." Safety Engineered at the Pack Level Sigenergy's C&I BESS solutions set new benchmarks for system safety. At the heart of this innovation is the SigenStack system, engineered with safety at every level. Each 12 kWh battery pack features six layers of protection: temperature sensors, internal fire suppression units, aerogel insulation, decompression valves, high-temperature-resistant insulation pads, and smoke detectors. This configuration enables early detection of thermal runaway at the pack level and initiates a rapid, localized response within seconds. In contrast, conventional cabinet-style systems typically lack compartmentalization and may take over a minute to react, increasing the risk of fire propagation. By isolating incidents at the module level, SigenStack significantly enhances system reliability and operational safety. Its advanced inverter platform includes ultra-fast 500 ms anti-backflow protection and long-range arc fault circuit interrupter (AFCI) technology capable of detecting faults up to 500 meters. To further validate its safety performance, Sigenergy partnered with global assurance provider Intertek to publish a C&I Safety White Paper. The results confirm full compliance with UL 9540A and IEC 62619, structural stability under extreme testing, and sustained operational efficiency above 95%. Resilience Made for Zero Maintenance Built on robust safety and modular design, Sigenergy's C&I BESS supports 24/7 autonomous operation. With an IP66 rating for dust and water resistance, it delivers reliable performance across diverse environmental conditions. Conventional cabinet-style systems, however, often contain more vulnerable components and demand monthly inspections, half-year part replacements, and comprehensive annual maintenance. Real-time monitoring via a cloud-based platform provides full visibility into system status, energy throughput, and alarms, significantly reducing the need for on-site inspections. Maintenance is also streamlined: faulty battery packs can be replaced individually within two hours, without full system diagnostics or on-site technician intervention. This reduces downtime, simplifies spare parts logistics, and minimizes operational costs. The successful delivery of this project demonstrates Sigenergy's excellence in installation speed, safety, operational reliability, and smart management. Looking ahead, Sigenergy is committed to expanding its global footprint, driving the adoption of safer, more efficient, and sustainable energy solutions worldwide.
Yahoo
03-06-2025
- Business
- Yahoo
Sigenergy's 20 MWh Modular C&I Solution Defines the Next Generation of Energy Storage
BURGAS, Bulgaria, June 3, 2025 /CNW/ -- Sigenergy brought together nearly 300 global energy professionals in Burgas to explore the future of commercial and industrial (C&I) energy storage. A key highlight of the event was a visit to a landmark 20 MWh project in Malko Tarnovo, powered by Sigenergy's modular C&I battery energy storage system (BESS). The project highlights the scalability and real-world impact of next-generation storage technology. In partnership with Trakia MT Ltd., a leading Bulgarian solar company, the system is installed on a solar farm and features 90 Sigenergy C&I hybrid inverters combined with the SigenStack modular storage solution. Tony Xu, Founder and CEO of Sigenergy, commented: "Sigenergy's mission is to accelerate the global transition to clean energy with innovative and scalable storage solutions. This project exemplifies how advanced battery systems can drive business growth and decarbonization across industries." Modularity Transforming C&I Energy Storage SigenStack introduces a truly modular approach to C&I energy storage—replacing bulky containerized systems with stackable 12 kWh battery packs. With plug-and-play connectors and tool-free installation, the system eliminates complex wiring, the need for cranes, and heavy machinery. Thanks to this design, the entire 20 MWh system was installed in just 10 days and fully commissioned within 2 days. Galina Peycheva-Miteva, Owner of Trakia MT Ltd., noted: "The installation was incredibly smooth—more like assembling building blocks than deploying industrial infrastructure. This modular design is a game-changer for the C&I energy storage sector." Safety Engineered at the Pack Level Sigenergy's C&I BESS solutions set new benchmarks for system safety. At the heart of this innovation is the SigenStack system, engineered with safety at every level. Each 12 kWh battery pack features six layers of protection: temperature sensors, internal fire suppression units, aerogel insulation, decompression valves, high-temperature-resistant insulation pads, and smoke detectors. This configuration enables early detection of thermal runaway at the pack level and initiates a rapid, localized response within seconds. In contrast, conventional cabinet-style systems typically lack compartmentalization and may take over a minute to react, increasing the risk of fire propagation. By isolating incidents at the module level, SigenStack significantly enhances system reliability and operational safety. Its advanced inverter platform includes ultra-fast 500 ms anti-backflow protection and long-range arc fault circuit interrupter (AFCI) technology capable of detecting faults up to 500 meters. To further validate its safety performance, Sigenergy partnered with global assurance provider Intertek to publish a C&I Safety White Paper. The results confirm full compliance with UL 9540A and IEC 62619, structural stability under extreme testing, and sustained operational efficiency above 95%. Resilience Made for Zero Maintenance Built on robust safety and modular design, Sigenergy's C&I BESS supports 24/7 autonomous operation. With an IP66 rating for dust and water resistance, it delivers reliable performance across diverse environmental conditions. Conventional cabinet-style systems, however, often contain more vulnerable components and demand monthly inspections, half-year part replacements, and comprehensive annual maintenance. Real-time monitoring via a cloud-based platform provides full visibility into system status, energy throughput, and alarms, significantly reducing the need for on-site inspections. Maintenance is also streamlined: faulty battery packs can be replaced individually within two hours, without full system diagnostics or on-site technician intervention. This reduces downtime, simplifies spare parts logistics, and minimizes operational costs. The successful delivery of this project demonstrates Sigenergy's excellence in installation speed, safety, operational reliability, and smart management. Looking ahead, Sigenergy is committed to expanding its global footprint, driving the adoption of safer, more efficient, and sustainable energy solutions worldwide. View original content to download multimedia: SOURCE Sigenergy Technology Co., Ltd. View original content to download multimedia:
